Dhaka, Dec. 21 -- The Anti-Corruption Commission (ACC) has filed three more cases against companies linked to the controversial business conglomerate S Alam Group over allegations of large-scale loan embezzlement during the tenure of the ousted Awami League government.
The cases accuse the group's chairman Saiful Alam Masud, better known as S Alam, his wife Farzana Parveen, and officials of the state-owned Janata Bank and S Alam Group companies of misappropriating more than Tk 62.44 billion through loans, reports bdnews24.com.
The cases were filed on Sunday at the ACC's Chattogram office, Deputy Director Subel Ahmed said.
They involve S Alam Vegetable Oil Ltd, S Alam Cold Rolled Steel Mill and S Alam Trading Company Pvt Ltd -- three af...
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